How to add donations?

Accounting
1

Hi there,

I run a sole trader business and would like to make regular monthly donation to a charity. The money would be coming straight out of revenues in the business bank account.

How I can set up a donation in Quickfile please, in a way where the system records it as a donation and understands it isn’t a business expense?

Thank you.

2

If it isn’t a business expense then simplest is to treat it as drawings. Or create a separate nominal if you want to put it to one side and then check later with your accountant what is or isn’t allowable.

1 Like
3

Registered charity donations should be fine for the most part. It may get a little complicated if it involves gift aid. But if it’s just a donation to a charity just tag the payment as something not on this list and select donations.

1 Like
4

Thanks @ian_roberts! I appreciate your reply.

5

Thank you @Paul_Courtier.